Crypto-Currency Thief Executes Multiple Account Hackings

Getting disconnected from mobile phone service, apart from being inconvenient, sometimes also implies the phone is hacked.

Robert Ross a resident of San Francisco, on 26th October, suddenly found his phone not catching signal. Bewildered, he visited one local Apple store after which he called AT&T, the service provider of his cell-phone. However, his action was not fast enough so some hacker managed stealing a good USD500K out of the formers 2 A/Cs with Gemini and Coinbase respectively, state authorities from Santa Clara.

As per one felony complaint registered with state court of California in November, 21-yr-old Nicholas Truglia siphoned off the USD1m out of 2 crypto-currency accounts of Ross. Prosecutors state Truglia as well compromised the cell-phones belonging to several executives at Silicon Valley although couldn't drain their accounts. Cnbc.com posted this, November 22, 2018.

It needs mention that Gemini and Coinbase are exchanges which trade the Ethereum and Bitcoin crypto-currencies. Ross' 2 A/Cs that were robbed contained the college funds of his two daughters as well as his total savings he made thus far, said Erin West Deputy District Attorney of Santa Clara. Officials stated Truglia was able in siphoning off the money through a 'fraudulent SIM swap,' wherein the scammer phones up the cell-phone service provider of his intended target followed with asserting the particular phone's SIM card is damaged else lost.

Evidently, following theft from Ross' accounts, Nicholas transferred the USD1m to his personal bank A/C. Officials stated Truglia further attacked Saswata Basu a tech CEO, Myles Danielsen a manager of hedge funds, Gabrielle Katsnelson co-founder of a startup, and one New York investment company's vice-president.

Cops took Truglia into their custody from his flat inside Manhattan followed with recovering digital money worth USD300K he had collected within a digital wallet. Now there are 21 counts charged against Truglia viz., embezzlement, fraud, ID-theft, offences involving related felony act, along with a massive theft tried within Ross' case.

The year 2017 saw a particular popularity of crypto-currency trading with which hacking for digital coins also became popular. Individuals lost crypto-currencies worth USD1.6bn at June-end, as per 2018 State of Blockchain Report from CoinDesk.

» SPAMfighter News - 11/26/2018